PPP Loan Data — Greenwood, Inc., Greenville, SC
Greenwood, Inc. is a subchapter s corporation located at 160 Milestone Way in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:SOUTH STATE BANK, NATIONAL ASSOCIATION
Greenwood, Inc. received a Paycheck Protection Loan of $5M through SOUTH STATE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Greenwood, Inc.'s total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1.
Business Information - Greenwood, Inc. in Greenville, SC
160 Milestone Way
Greenville, SC 29615
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Similar Companies near Greenville
In the Greenville area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 500) and received an average PPP loan of $1,273,963 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Angry Goat LLC
Ben Cox Designs
Lawless Systems Installation Inc.
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than Greenwood, Inc.'s reported 500 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $5M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!